Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2016

The Company has three reportable segments: Surfactants, Polymers and Specialty Products. Net sales by segment for the three and nine months ended September 30, 2016 and 2015, were as follows:

(In thousands)	Three Months Ended September 30				Nine Months Ended September 30
	2016		2015		2016		2015
Segment Net Sales
Surfactants	$	290,467	$	290,830	$	899,014	$	921,124
Polymers		134,144		134,726		382,540		377,703
Specialty Products		20,419		18,455		63,976		58,049
Total	$	445,030	$	444,011	$	1,345,530	$	1,356,876

Reconciliation of Segment Information to Consolidated Financial Statements

Segment operating income and reconciliations of segment operating income to consolidated income before income taxes for the three and nine months ended September 30, 2016 and 2015, are summarized below:

(In thousands)	Three Months Ended September 30						Nine Months Ended September 30
	2016			2015			2016			2015
Segment Operating Income
Surfactants	$	20,737		$	21,762		$	85,214		$	79,758
Polymers		27,087			24,588			80,278			62,802
Specialty Products		2,328			(268	)		6,449			3,498
Segment operating income		50,152			46,082			171,941			146,058
Business restructuring		—			—			(1,061	)		—
Unallocated corporate expenses ⁽¹⁾		(21,414	)		(7,288	)		(54,619	)		(43,491	)
Consolidated operating income		28,738			38,794			116,261			102,567
Interest expense, net		(2,824	)		(3,837	)		(9,855	)		(10,760	)
Loss from equity in joint ventures		—			(863	)		—			(3,918	)
Other, net		1,229			(981	)		401			(94	)
Consolidated income before income taxes	$	27,143		$	33,113		$	106,807		$	87,795

⁽¹⁾

Unallocated corporate expenses primarily comprise corporate administrative expenses (e.g., corporate finance, legal, human resources, information systems, deferred compensation and environmental remediation) that are not included in segment operating income and not used to evaluate segment performance.